doing business in myanmar – what you need to know as a singaporean
Real estate developer Mottama Development Group Co. launched a new property gallery at Maha Land Centre, Kabaraye Pagoda Road to showcase its latest premium office towers, malls and public recreational zones in Yangon on June 29.
The projects are expected to contribute to Yangon’s gradual transformation into a metropolis, while creating jobs and elevating the standard of living in the city, U Yang Ho, chair of Mottama Development, said.
The government and other experts like the World Bank and ASEAN+3 Macroeconomic Research Office are projecting further economic growth in the country, with GDP in the coming fiscal year expected to hit at least 7 percent.
Focused on promoting sustainable urbanisation, the properties aim to enhance the quality of work and play for the city’s growing population when complete. The projects include:
M Tower – Located between the Hledan Junction and Pyay Road, M Tower will also be the highest steel-structure built in the city. It will also be the first Grade 5A office complex in Myanmar and certified to withstand winds as strong as 120 mph and Richter Scale Magnitude 7.5 earthquakes.
Terminal M Mall – Located near several major traffic roads and close to Aung Mingalar Bus Terminal, it will be the first suburban lifestyle and leisure mall with a lake garden for the community and ample car parking space.
Myanmar Aquarium – Targeted to be built in Kandawgyi, Myanmar Aquarium will be the first large scale, international standard aquarium in the country offering an up-close experience of native freshwater species.
Harbour Trade Tower – Overlooking the Yangon River, the sky scrapper will have 21 storeys of modern office suites with average floor area of 929 square meters and five basements with 92 car parking spaces.
HL Tower – Located near the airport on Pyay Road, the building will offer SoHo (small office home office) concept units where the floor layout could be customised to suit individual corporate functional requirements.
Mottama Development Group Co. is a subsidiary of Mottama Holdings, a Myanmar conglomerate comprising of four core business groups that include a trading group, development group, construction group and manufacturing group.
Source: Myanmar Times
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